Monday 20 September 2021

Nicaragua To Exceed 1.5 Billion Dollars in Direct Investment

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(TODAY NICARAGUA) Nicaragua this year expects to exceed 1.5 billion dollars in direct investment in sectors like manufacturing, agriculture and energy, today said the delegate of the Presidency for these issues, Álvaro Baltodano. The official said to El 19 Digital that the Sandinista government struggles to raise the amount of investments during 2014, taking into account the conditions presented by Nicaragua in terms of economic stability, development and security.

Powering Employment: free-trade zones in Nicaragua now employ more than 100,000 Nicaraguans and represent one of the top three sectors for foreign-direct investment here (Photo/ GRAPHOS Producciones via Nicaragua Dispatch)
Powering Employment: free-trade zones in Nicaragua now employ more than 100,000 Nicaraguans and represent one of the top three sectors for foreign-direct investment here (Photo/ GRAPHOS Producciones via Nicaragua Dispatch)

The investments will impact the energy sector, but also telecommunications, textile and harnesses manufacturing, processing of milk, meat, planting and harvesting of bamboo as raw material for construction, among others, he said. Nicaragua has become an attractive country that offers growth trends and significant, positive economic numbers, Baltodano said. The official added for this year is expected an increase in exports and investments that will allow to achieve a growth of over 4.5 percent of GDP. The Presidential delegate also mentioned the social achievements of the country and advances in the economic sphere, such as the fight against poverty and the improvement of health and education systems. In addition, Nicaragua is one of the four countries in Latin America that has a homicide rate below ten in every 100 thousand people, he said.

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